Sainsbury warning

SUPERMARKET group Sainsbury's showed a further deterioration in its performance after revealing underlying pre-tax profits for the six months to October 9 would be between £125m and £135m compared with £366m last year.

SUPERMARKET group Sainsbury's showed a further deterioration in its performance after revealing underlying pre-tax profits for the six months to October 9 would be between £125m and £135m compared with £366m last year.

Chief executive Justin King will next week outline details of a strategic review in which he is expected to cut the dividend and put the cash into lower prices.